Get the latest insights on price movement and trend analysis of Phosphorous Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Phosphorus Acid Price Change in July 2025? Phosphorus Acid Price Index in China dropped by 5.2% quarter-on-quarter, settling at USD 1455/MT FOB Shanghai by June 2025.

Why did the Phosphoric Acid Price Change in July 2025? The Spot Price for Phosphoric Acid in the US declined 1.0% Q-o-Q in Q2 2025, reflecting a softer Price Index and tepid buying sentiment.

The Phosphoric Acid Market Report is Segmented by Grade (Fertilizer Grade, Food Grade, and More), Process (Wet-Process, Thermal-Process, and Secondary-Source/Recovery), End-User Industry (Fertilizer, Food and Beverages, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Phosphorous Acid Market Outlook

As of 2023, the global phosphorous acid market size is estimated to be valued at USD 1.2 billion and is projected to reach approximately USD 1.85 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8%. The market's growth can be attributed to increasing demand in various application segments such as agriculture, pharmaceuticals, and chemical manufacturing.

One of the key growth factors propelling the phosphorous acid market is its widespread application in agriculture. Phosphorous acid is an essential component in the production of phosphonates, which are widely used as fungicides. The increasing global population and the corresponding rise in food demand create pressure on agricultural practices to enhance crop yield and productivity. This leads to a higher demand for effective fungicides, driving the phosphorous acid market. Additionally, environmental concerns and the push for sustainable agricultural practices further underscore the significance of phosphorous acid due to its relatively lower environmental impact compared to other chemicals.

Another significant growth factor is the growing use of phosphorous acid in chemical manufacturing. It serves as a reducing agent and an intermediate in the synthesis of various chemical products. The chemical industry is expanding due to rapid industrialization in emerging economies, leading to increased demand for raw materials like phosphorous acid. The versatility of phosphorous acid in producing diverse chemicals like phosphonates, phosphites, and other derivatives makes it a valuable commodity in this sector. Moreover, advancements in chemical processing technologies are enhancing the efficiency and yield of phosphorous acid, thereby boosting its market demand.

The pharmaceutical industry also contributes to the rising demand for phosphorous acid. It is used in the synthesis of various pharmaceutical intermediates and active pharmaceutical ingredients (APIs). The global increase in healthcare expenditure, coupled with the development of new drugs and therapies, drives the need for high-quality raw materials. Phosphorous acid, with its role in producing effective and safe pharmaceutical compounds, finds substantial demand in this ever-growing sector. The trend towards personalized medicine and biotechnology further adds to the demand for specialized chemicals, including phosphorous acid.

The emergence of Electronic Grade Phosphoric Acid has opened new avenues in the electronics industry, particularly in semiconductor manufacturing. This high-purity acid is essential for etching and cleaning processes in the production of microchips and other electronic components. As the demand for smaller and more efficient electronic devices grows, the need for superior quality materials like Electronic Grade Phosphoric Acid becomes increasingly critical. Its ability to deliver precise and clean etching results without damaging delicate components makes it indispensable in the fabrication of advanced electronics. The rise of the Internet of Things (IoT) and the proliferation of smart devices further amplify the demand for this specialized acid, highlighting its significance in the rapidly evolving electronics sector.

From a regional perspective, the Asia Pacific region is expected to dominate the phosphorous acid market during the forecast period. The region's robust agricultural sector, combined with rapid industrialization in countries like China and India, drives the demand for phosphorous acid. Additionally, the presence of major chemical manufacturing companies and the increasing investments in pharmaceutical R&D in this region further bolster the market. Europe and North America are also significant markets, driven by advancements in agricultural practices and high demand for speciality chemicals. Latin America and the Middle East & Africa are expected to witness moderate growth, primarily driven by agricultural activities and industrial expansion.

Grade Analysis

The phosphorous acid market can be segmented based on grade into technical grade, food grade, and industrial grade. Each of these grades has specific applications that drive its demand in different industries. Technical grade phosphorous acid is primarily used in industrial applications, including the production of phosphonates and other chemicals. It is valued for its high purity and consistent quality, which are crucial for industrial processes. The demand for te

The global Phosphorus Acid market has grown significantly in the past years and reached approximately 280 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.63% during the forecast period until 2032.

In 2024, the Chinese phosphoric acid market decreased by -16.3% to $3.2B, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $4.9B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials (WPU0652026A) from Dec 2014 to Jun 2025 about fertilizers, materials, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

The global phosphorous acid market is experiencing steady growth, with a market size of $304 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 6.3% from 2025 to 2033. This expansion is driven by increasing demand from key application sectors, particularly in the plastics and polymers industry, where phosphorous acid serves as a crucial flame retardant and stabilizer. The agricultural sector also contributes significantly to market growth, utilizing phosphorous acid as a component in fertilizers and plant growth regulators. Further growth is fueled by the expanding synthetic fiber and water treatment industries, both relying on the chemical's unique properties for various applications. While the market faces certain restraints such as fluctuating raw material prices and environmental regulations surrounding chemical usage, the overall positive growth trajectory is expected to persist due to ongoing technological advancements improving efficiency and reducing environmental impact, coupled with increasing global industrialization. The market is segmented by product type (phosphorous acid crystal and liquid) and application (plastics & polymers, agriculture, synthetic fiber, water treatment, and others), allowing for a nuanced understanding of market dynamics within specific niche sectors. Major players in the market include Futong Chemical, Jiangyin Yaoyu Chemical, and several other significant Chinese manufacturers. Geographic analysis indicates strong presence across major regions including North America, Europe, and Asia-Pacific, with China expected to remain a key growth driver due to its sizable industrial base. The forecast period (2025-2033) anticipates continued growth, driven by emerging applications in specialized areas like electronics and pharmaceuticals. However, maintaining sustainable growth will depend on industry players addressing environmental concerns through responsible manufacturing practices and developing more sustainable alternatives. This necessitates collaboration between manufacturers, regulators, and research institutions to mitigate potential environmental impacts while ensuring the continued availability and affordability of phosphorous acid for vital industrial and agricultural applications. The competitive landscape suggests a mix of large-scale manufacturers and smaller specialized companies, each vying for market share through technological innovation and strategic partnerships.

Explore the key factors influencing phosphoric acid pricing trends as of October 2023, including raw material costs, agricultural demand, and geopolitical events. Learn how supply chain disruptions, production capacities, and regulatory changes impact market stability.

Phosphoric acid prices fell from 984 to 962 USD/MT in October YoY. A mild downtrend is expected in H1 2025, with stability in H2.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials was 144.50700 Index Dec 2014=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials reached a record high of 181.05600 in May of 2022 and a record low of 66.80000 in November of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Phosphoric Acid, 52-54 Percent APA, Superphosphates and Other Phosphate Fertilizer Materials - last updated from the United States Federal Reserve on June of 2025.

The global phosphorous acid market is experiencing robust growth, projected to reach a substantial market size, driven by increasing demand across various sectors. The market, valued at $174.9 million in 2025, is expected to exhibit a Compound Annual Growth Rate (CAGR) of 6.2% from 2025 to 2033. This expansion is primarily fueled by the burgeoning plastics and polymers industry, which utilizes phosphorous acid as a crucial flame retardant and stabilizer. The agricultural sector also significantly contributes to market growth due to its application in fertilizers and pesticides, enhancing crop yields and protecting against plant diseases. Furthermore, the rising adoption of phosphorous acid in water treatment processes for its corrosion inhibition and scale prevention properties is further boosting market demand. The market is segmented into phosphorous acid crystal and liquid forms, with liquid phosphorous acid holding a larger market share due to its ease of handling and application versatility. Major players like Futong Chemical, Jiangyin Yaoyu Chemical, and others are strategically expanding their production capacities and geographic reach to capitalize on this growth trajectory. Significant regional variations exist in market penetration. While North America and Europe are established markets, the Asia-Pacific region, particularly China and India, demonstrates significant growth potential due to rapid industrialization and increasing agricultural activities. However, stringent environmental regulations regarding phosphorus usage and the availability of substitute chemicals present challenges to the market's unhindered expansion. Nevertheless, ongoing research and development in environmentally friendly phosphorous acid production methods and its application in novel sectors are anticipated to mitigate these restraints and pave the way for sustained market growth. The competitive landscape is characterized by both established players and emerging companies, leading to intensified competition based on pricing strategies, product innovation, and geographical expansion.

Phosphorous Acid (CAS 10294-56) Market Outlook

The global phosphorous acid market is projected to experience a steady growth trajectory, with a market size that is anticipated to expand from USD 2.5 billion in 2023 to approximately USD 3.7 billion by 2032, representing a compound annual growth rate (CAGR) of 4.5%. This growth is primarily driven by the increasing demand for phosphorous acid across various industrial applications, particularly in agriculture and chemical manufacturing sectors. The burgeoning agricultural sector demands phosphorous acid as a vital component for the synthesis of phosphites and other derivatives used in fertilizers and pesticides. These applications are key to the sustenance and enhancement of crop yields, thereby meeting the global food demand.

The agricultural sector is a significant growth driver for the phosphorous acid market. With the rise in global population, there is an escalating need for food production, prompting the agriculture industry to adopt advanced and efficient farming techniques. Phosphorous acid, being a fundamental component in the formulation of various agrichemicals, plays a critical role in enhancing plant health and growth. It is particularly effective in combating plant diseases caused by oomycetes, making it indispensable for sustainable agriculture. Furthermore, phosphorous acid's role as a precursor in the synthesis of phosphite fertilizers, which are known to improve nutrient uptake efficiency, further propels its demand in the agricultural sector.

In addition to agriculture, the chemical manufacturing industry significantly contributes to the growth of the phosphorous acid market. Phosphorous acid serves as a crucial intermediate in the production of numerous phosphorous-based compounds, which are integral to various industrial processes. Its application in the manufacturing of flame retardants, water treatment chemicals, and other specialty chemicals underscores its versatility and importance. The global push towards more sustainable and environmentally friendly chemical processes has also led to an increased adoption of phosphorous acid, given its relatively lower environmental impact compared to alternative chemicals. This trend is anticipated to bolster market growth over the forecast period.

Environmental regulations and sustainability trends also play a pivotal role in shaping the phosphorous acid market landscape. Governments worldwide are imposing stringent regulations on chemical usage and emissions, prompting industries to seek eco-friendly alternatives. Phosphorous acid, due to its biodegradability and low toxicity, emerges as a favorable option in this context. Moreover, the increasing awareness and adoption of sustainable agricultural practices have further cemented the role of phosphorous acid in the global market. As a result, manufacturers are increasingly focusing on enhancing production capacities and developing innovative applications of phosphorous acid to meet the growing market demands.

Phosphatidic Acid is another compound that shares a close relationship with phosphorous acid in terms of its applications and significance in various industries. This compound plays a pivotal role in lipid metabolism and is a key intermediate in the biosynthesis of lipids. In the agricultural sector, phosphatidic acid is being explored for its potential to enhance plant growth and resilience, similar to phosphorous acid. Its ability to act as a signaling molecule in plants makes it an area of interest for researchers aiming to improve crop yields and stress tolerance. As the demand for sustainable agricultural practices grows, the exploration of compounds like phosphatidic acid alongside phosphorous acid could lead to innovative solutions in crop management and protection.

Regionally, Asia Pacific dominates the phosphorous acid market, accounting for the largest share due to the region's robust agricultural and chemical manufacturing industries. The rapid industrialization and urbanization in countries like China and India are significant contributors to this growth. In North America and Europe, the demand for phosphorous acid is driven by advancements in agricultural technologies and the presence of well-established chemical industries. Meanwhile, the market in the Middle East & Africa and Latin America is witnessing steady growth, supported by increasing investments in agriculture and chemical production sectors. These regional dynamics reflect the diverse applications and growing importance of phosphorous acid across various industries globally

Phosphorus Acid Market has been estimated to reach USD 57.1 Billion by 2034 , increasing at an annualized growth rate (CAGR) of 8.2%.

The purified phosphoric acid market is experiencing robust growth, driven by increasing demand across diverse sectors. The fertilizers industry remains the dominant application, fueled by global population growth and the rising need for enhanced crop yields. Food and beverage applications, while smaller in volume, exhibit significant growth potential due to the increasing use of phosphoric acid as a food additive and in the production of processed foods. The electronics industry's consistent demand for high-purity phosphoric acid for semiconductor manufacturing also contributes to market expansion. A projected Compound Annual Growth Rate (CAGR) of, for example, 5% over the forecast period (2025-2033) suggests a considerable market expansion, with the market size reaching an estimated $15 billion by 2033 (assuming a 2025 market size of $10 billion, a reasonable estimate based on similar markets). This growth is anticipated despite certain restraints, such as fluctuating raw material prices and environmental regulations concerning phosphate mining and processing. However, technological advancements in production processes, leading to higher efficiency and reduced environmental impact, are mitigating these challenges. Market segmentation by type reveals a substantial share held by fertilizer-grade phosphoric acid, reflecting the dominant role of the fertilizer industry. However, the electronic-grade segment is expected to witness faster growth due to technological advancements and the increasing demand from the electronics sector. Geographically, North America and Asia-Pacific are expected to dominate the market due to the substantial agricultural sector in North America and the rapid industrialization and economic growth in Asia-Pacific. Competition is intense, with established players like OCP, Mosaic, and PhosAgro vying for market share against regional players. Strategic partnerships, mergers and acquisitions, and continuous innovation in production technologies will play crucial roles in shaping the competitive landscape in the years to come. The market presents significant opportunities for players focusing on sustainable production practices and catering to the growing demand for high-purity phosphoric acid.

Global Hypophosphorous Acid market size 2025 was XX Million. Hypophosphorous Acid Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Purified Phosphoric Acid Market Outlook

The global purified phosphoric acid market size was valued at approximately USD 1.8 billion in 2023 and is projected to reach around USD 2.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The growth of this market is driven by the increasing demand in various end-user industries such as electronics, food & beverages, and pharmaceuticals. Key growth factors include rising technological advancements, expanding applications across diverse industries, and increasing investments in research and development.

One of the primary growth factors for the purified phosphoric acid market is the burgeoning demand from the electronics industry. High-purity phosphoric acid is essential for semiconductor and microelectronics manufacturing processes, which are witnessing unprecedented growth due to the rapid development of smart technology and the Internet of Things (IoT). The expanding consumer electronics market, coupled with advancements in electronics manufacturing, is expected to drive the demand for purified phosphoric acid significantly. Furthermore, the ongoing miniaturization of electronic components and the need for high-quality materials in these applications are also contributing to market growth.

Another vital factor contributing to the market's growth is its application in the food and beverage industry. Purified phosphoric acid is extensively used as an acidulant and preservative in various food and beverage products. With the increasing global population and changing dietary habits, there is a growing demand for processed and convenience foods, which, in turn, is boosting the demand for food-grade phosphoric acid. Additionally, the stringent food safety regulations and the need for high-purity additives in food production are further propelling the market's expansion.

The pharmaceutical industry also plays a crucial role in driving the demand for purified phosphoric acid. This compound is used in the formulation of various pharmaceutical products, including dental cements, medications, and nutritional supplements. The increasing prevalence of chronic diseases and the aging population are fueling the growth of the pharmaceutical sector, thereby augmenting the demand for high-purity phosphoric acid. Furthermore, the continuous advancements in pharmaceutical research and the development of new drug formulations are expected to provide significant growth opportunities for the market.

The Wet Process Phosphoric Acid is a crucial variant of phosphoric acid that plays a significant role in the industrial production of phosphoric acid. This process involves the treatment of phosphate rock with sulfuric acid to produce phosphoric acid, which is then used in various applications such as fertilizers, animal feed, and industrial chemicals. The wet process is favored for its cost-effectiveness and efficiency in producing large quantities of phosphoric acid, making it a vital component in the global supply chain. The demand for wet process phosphoric acid is particularly high in regions with robust agricultural sectors, as it is a key ingredient in the production of phosphate fertilizers. As the global population continues to grow, the need for sustainable agricultural practices and efficient fertilizer production is expected to drive the demand for wet process phosphoric acid.

From a regional perspective, Asia Pacific is poised to dominate the purified phosphoric acid market during the forecast period, owing to the presence of major end-user industries and a robust manufacturing base. The region's rapid industrialization, along with increasing investments in the electronics and pharmaceutical sectors, is expected to drive market growth. In contrast, North America and Europe will witness moderate growth due to established industries and stringent regulations. However, the rising demand for high-quality materials in these regions will sustain the market's growth. Latin America and the Middle East & Africa are anticipated to experience slower growth due to economic constraints and less industrial diversification.

Grade Analysis

The purified phosphoric acid market is segmented by grade into electronic grade, food grade, and technical grade. Each grade of phosphoric acid caters to specific applications and industries, driving the demand in different ways. The electronic grade purified phosphoric acid is highly sought after in the el

Phosphoric Acid Market valued USD 49.6 Billion in 2024 and is projected to surpass USD 67.3 Billion through 2032

The global phosphorous acid market is projected to grow from 182 million in 2025 to 282 million by 2033, exhibiting a CAGR of 6.5% during the forecast period. The market growth is primarily attributed to the increasing demand for phosphorous acid in various applications, such as plastics & polymers, agriculture, synthetic fiber, and water treatment. The growing population and urbanization have led to increased consumption of plastics & polymers, which in turn has fueled the demand for phosphorous acid. The market is segmented by application and type. In terms of application, the plastics & polymers segment is expected to hold the largest share of the market during the forecast period, followed by the agriculture and synthetic fiber segments. The increasing use of phosphorous acid in the production of flame retardants, plasticizers, and other additives in plastics & polymers has contributed to the growth of this segment. By type, the phosphorous acid liquid segment is projected to account for a significant share of the market due to its ease of handling and transportation. The availability of phosphorous acid liquid in various concentrations makes it suitable for a wide range of applications.